Novi Connect

Novi Connect

Platform verifying products against sustainability standards

Overview

NoviConnect provides a subscription-based platform for brands, retailers, and chemical manufacturers to develop and market sustainable products. It aggregates more than 100 sustainability standards into a searchable database with analytical tools that let users search ingredients, verify compliance, and streamline product development. The platform helps clients make informed formulation decisions and ensure their products meet environmental and regulatory requirements, ultimately supporting transparency and marketability. The company differentiates itself by offering broad standard coverage, a centralized database, and actionable analytics for a diverse client base—from consumer goods brands to chemical manufacturers—rather than relying on fragmented tools. Its goal is to help customers create environmentally friendly products, stay compliant with evolving rules, and improve sales through transparent sustainability claims.

About Novi Connect

Simplify's Rating
Why Novi Connect is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Early VC

Total Funding

$51.4M

Headquarters

San Francisco, California

Founded

2017

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Simplify's Take

What believers are saying

  • $40M funding from Tiger Global and Greylock fuels 2022 platform expansion.
  • NielsenIQ integration enriches ingredient data for sustainable CPG brands.
  • Partnerships with Target, Sephora, Ulta tap $2.5T CPG market growth.

What critics are saying

  • Target and Sephora build proprietary tools, bypassing Novi subscriptions in 12 months.
  • Amazon Ingredient Checker obsoletes Novi's profiles, crashing renewals by 2027.
  • 55-employee team burns out, defects to Sphere post-$51M without revenue scale.

What makes Novi Connect unique

  • Novi ingests proprietary chemical data via AI to create trade material profiles.
  • Novi verifies sustainability claims across 100+ standards for CPG brands.
  • Novi powers AI shopping optimization with retailer-exclusive data feeds.

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Funding

Total Funding

$51.4M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

1%

2 year growth

-3%
MarTech360
Sep 24th, 2025
Novi Launches AI Commerce Solution: Cracking the Code on AEO

Novi announced its new Novi AI Shopping Optimizer, designed to increase product sales by helping brands and retailers surface products backed by the verified, trustworthy information that AI shopping assistants prioritize.

Novi Connect
May 22nd, 2025
Novi Joins NielsenIQ Partner Network to Launch Groundbreaking Data Integration for Clean & Sustainable CPG Brands

NIQ's Label Insight data will now be integrated into Novi's platform, enriching Novi's existing ingredient-level and product attribute data sets.

EIN News
Sep 12th, 2022
Greylock Partners invested into Novi Connect, Inc. in $40M on Feb 1st 22'.

In February of 2022, Novi announced $40M in new funding from Tiger Global, Greylock, and Defy.

PYMNTS
Feb 7th, 2022
Tiger Global Management, LLC invests into Noviconnect in $40M

Novi Connect, a business-to-business (B2B) marketplace for sustainable, innovative ingredients and packaging, raised $40 million in a funding round led by Tiger Global.

Cosmetics & Toiletries
Feb 7th, 2022
Defy invests into Noviconnect in $40M

Novi has announced that it raised $40 million in its latest funding round, led by Tiger Global with follow-on investments from Defy.vc and Greylock.

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